Why a Community Benefit Society?

We believe a limited liability Community Benefit Society is the best vehicle for acquiring and operating the Kings Head. It’s ideally suited to a community purchase of the pub, because it provides for:

• Democratic decision-making: It doesn’t matter how many shares you buy, all shareholders get one vote each.

• Withdrawable shares: You can take your money back out after the Kings Head has been trading as a community pub for at least 3 years (if it is sufficiently profitable).

• Interest on share investments: Potentially payable at a % rate agreed by the Management Committee.

• Re-investing profits: Share capital is not subject to growth or gains, so wider profits can be reinvested in improving the pub or supporting other community initiatives.

• An ‘Asset Lock’: If the Society is ever dissolved, shareholders would be repaid up to the value of their investment after any debts. Remaining assets would be transferred to another community benefit organisation with the same Asset Lock.

• Additional funding opportunities: As a Community Benefit Society, an increased range of grants may be available to apply for, to pay for costs like building repairs and refurbishments .